Buying a home is a significant investment and it involves the financial planning of one lifetime for an average middle class household. We therefore thought of discussing the concern of deciding the right real estate builder while buying a house.
A wise choice is only possible with fair amount of market research. There are a variety of factors that comes into play while deciding a house to buy. Some of us worry about the return on investment, and some of us worry about the quality of amenities provided. We will take 5 of the most important factors, which are commonly considered before buying a flat in a city-like conditions. These factors stand to establish that we should only trust reputed established builders and developers for our dream home purchase.
Timely Completion
Most households take a loan to purchase their dream flat. An early possession of the flat saves EMI and reduces rent costs. It is therefore very important to considered the aspect of timely completion. It is seen that reputed experienced builders have their systems & processes in place to complete the flats on time for timely delivery to the home owners.
The probability of getting the ready flat on time is therefore higher in case of a reputed real estate builder. Also, it is now an essential requirement after the RERA Act where the builder is obligated to complete construction on time.
No Tampering with RERA Norms
RERA is the most important regulation that has been launched for both the builders and the consumers. The intention was to safeguard the interests and the hard earned money of the consumers. We must check the RERA registration number of any project where we plan to purchase a flat.
A reputed builder is more likely to be registering his project under RERA and to inform the buyers about the same. It is also more likely that the reputed real estate builder will follow all the rules of RERA and that the consumers will get the benefits of RERA if anything goes wrong, or there is a delay.
Quality Amenities
Many reputed real estate developers have built their credibility on the kind of amenities their housing projects offer. These developers make sure that consumers get a right value for their money. It is seen that reputed builders provide state of the art amenities including including proper parking space, 24/7 security, clubhouse, swimming pool, jogging track, amphitheater etc.
A reputed developer is experience enough to easily perceive the need of the home buyers, and has the necessary clout in the market to get the amenities made at a competitive price. The quality and durability of the amenities provided therefore bears the mark of excellence as well.
High ROI
ROI is Return on investment. Lot us buy our properties with the assurance that if we need to sell it in the future, we must get a good bargain. The real estate brand that we choose can work in our favor in such times. A good brand also can pay us a premium on the rent, if we ever decide to put the property on rent.
Additionally, a real estate project by a reputed builder is usually in areas, which are popular, have good connectivity and is secure in terms of market volatility. It is very likely that we will end up getting a better ROI if we invest with a good reputed brand.
Easy Home Loan Sanctions
As we have discussed earlier, most of us buy homes with a long term home loan. We all have banking relationships with one or two banks, and it becomes crucial if these two banks sanction a home loan for the property that we have shortlisted. It is likelier if the property is being built by a reputed experienced real estate developer.
Security
Safety and security of the property and of children is a primary concern for any home buyer. A reputed real estate developer will have better security features in their projects. We have seen sophisticated inter-com facilities at entry points with CCTV monitoring to provide continuous surveillance of the ground floor, entry / exit points, lift and staircase areas in almost all projects of reputed real estate builders.
Conclusion
Established brands are concerned about their brand value and recognition. They are manned by processes rather than individuals. So, there is a lesser change that they would compromise on the quality of their product. When stakes are high, it is important to play safe and buy your property from a reputed real estate developer.
Properties in India are becoming expensive by the day. This makes it even more important to choose the right real estate developer to buy apartments suiting your needs.
About Protech Group
Protech Group is a pioneer in real estate promotion and development in India’s Northeast with over 11 years of experience, 12 projects and 393 flats. Protech derives its name from the two inspirational words – Progressive and Technology. These two words have guided the company’s continuing commitment to uphold the excellent standards of design, quality, pricing and customer service.
